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Green primary iron could help South Africa offset fall in coal export revenues – study 

By: Terence Creamer     Updated 6 hours ago Producing carbon-free primary iron in South Africa using green hydrogen direct reduced iron (GHDRI) technology could create a new globally competitive green export industry that could help offset the losses associated with the eventual decline in coal exports, a new study shows. Such exports... 

Green primary iron made in South Africa could help global steelmakers lower the cost of their decarbonisation efforts
Photo by Creamer Media
Green primary iron made in South Africa could help global steelmakers lower the cost of their decarbonisation efforts

Hydrogen roadmap targeting societal well-being, North West conference told  

By: Martin Creamer     Updated 4 hours ago In terms of high-level outcomes, the vision of South Africa’s Hydrogen Society Roadmap is the creation of an inclusive, sustainable and competitive hydrogen economy to support net-zero carbon economic growth and societal well-being, Department of Science and Innovation (DSI) chief director... 

North West Mining and Energy Conference covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Volkswagen’s Kariega plant manufactures it 100 000th Polo Vivo

By: Irma Venter     Updated 6 hours ago Volkswagen Group South Africa (VWSA) this week celebrated a production milestone at its Kariega plant, in the Eastern Cape, with the hundred-thousandth unit of the current Polo Vivo rolling off the production line. This comes just more than four years after the plant began manufacturing the... 

Image of the 100 000th Vivo being produced at VWSA's Kariega plant

AIDC Eastern Cape, SABS sign MoU focused on EVs

By: Irma Venter     Updated 6 hours ago The Automotive Industry Development Centre Eastern Cape (AIDC EC) has signed a memorandum of understanding (MoU) with the South African Bureau of Standards (SABS). This forms part of the AIDC EC’s strategy to position the domestic automotive supply chain for growth and innovation, particularly in... 

Image of AIDCEC CEO Thabo Shenxane, Jodi Scholtz, Lead Admin SABS
Thabo Shenxane and Jodi Scholtz

Telkom’s iWayAfrica, Africa Online Mauritius and Multi-Links transaction under the SIU spotlight 

By: Natasha Odendaal     26th January 2022 Telecommunications group Telkom has assured stakeholders that it follows robust governance principles following President Cyril Ramaphosa’s green light for an investigation into possible maladministration in the sale or disposal of iWayAfrica, Africa Online Mauritius and Multi-Links... 

CEF in the clear with exec appointments

By: Marleny Arnoldi     26th January 2022 The board of the Central Energy Fund (CEF) says the Auditor-General’s (AG’s) final management report relating to the appointment of CEF executives confirms that the appointment processes were conducted lawfully and in accordance with internal recruitment policies.    The CEF recently appointed... 

Online tyre retailer launched in South Africa

By: Darren Parker     Updated 5 hours ago Multinational online tyre retailer Blackcircles has launched its service in South Africa. Following a soft launch in December, the company kicked off full promotion in early January. The company was originally founded in 2001 by UK entrepreneur Michael Welch. It was later acquired by tyre... 

A photo of Blackcircles GM Devlin Moodley
Blackcircles GM Devlin Moodley

Macsteel business launched to support construction industry

By: Schalk Burger     Updated 4 hours ago Steel products distributor Macsteel has established Macsteel Foundation Solutions, which provides customers in the construction industry with steel-based construction and innovative lateral support services and products The new business is part of the company’s strategy to reimagine and... 

Greater accountability needed for underperforming construction contractors

By: Donna Slater     Updated 7 hours ago Following concerns about the lengthy and litigious process to recoup money from underperforming construction contractors, the Portfolio Committee on Human Settlements has requested that government enhance accountability mechanisms against contractors responsible for blocked and unfinished human... 

GBCSA appoints new chairperson

By: Darren Parker     Updated 4 hours ago The Green Building Council South Africa (GBCSA) board has appointed property investment firm Liberty Two Degrees (L2D) asset management executive Brian Unsted as its new chairperson. Unsted has 28 years of experience in the South African property industry and is the sustainability champion for... 

A photo of new GBCSA chairperson Brian Unsted
New GBCSA chairperson Brian Unsted

Adcock expects to report up to 30% improvement in earnings

By: Darren Parker     Updated 5 hours ago Pharmaceutical company Adcock Ingram has advised shareholders that its earnings per share (EPS) and headline earnings per share (HEPS) for the six months ended December 31, were expected to show an improvement of between 27% and 30%, or between 50.4c and 56c, year-on-year. This compares with the... 

Fulbright scholarships open for South Africans to study in the US

By: Tasneem Bulbulia     Updated 4 hours ago The US Mission to South Africa has opened applications for its Fulbright scholarship programme. The Fulbright Foreign Student Program is a competitive scholarship that funds postgraduate study in the US. 

Food inflation decelerating but there are upside risks for 2022

By: Rebecca Campbell     Updated 6 hours ago In its latest “Food Inflation Brief”, the Bureau for Food and Agricultural Policy (BFAP) has reported that food and non-alcoholic beverages price inflation came to 5.5% in December, in year-on-year terms. In month-on-month terms, the increase was 0.5%. For food alone, the year-on-year inflation... 

Africa digital agriculture needs growth-stage capital and robust, scalable business models

By: Schalk Burger     Updated 4 hours ago Digital technologies in agriculture have the potential to transform Africa’s food systems to deliver better livelihoods for farmers, high-quality and more consistent ingredients for processors and healthy and sustainable diets for consumers. However, without adequate growth-stage capital and a... 

International airline body calls for countries to more rapidly lift travel restrictions

By: Rebecca Campbell     Updated 6 hours ago The representative body of the global airline industry, the International Air Transport Association (Iata), has called on governments to more rapidly ease the restrictions they imposed on travel, to try and counter the Covid-19 pandemic. This was because the disease was moving from pandemic to... 

Airbus Helicopters reports solid 2021 recovery with 419 orders

By: Schalk Burger     Updated 5 hours ago Aerospace manufacturer subsidiary Airbus Helicopters reports that it had logged 419 gross orders, 414 net, in 2021, with 167 customers across 45 countries, and that 338 aircraft have been delivered. This showed solid signs of recovery from the 2020 market situation, which had been heavily... 

Global steel production increased by 3.7% y/y in 2021

By: Schalk Burger     26th January 2022 World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) reached 1.95-billion tonnes in 2021 – a 3.7% year-on-year increase. China produced 1.03-billion tonnes – a 3% year-on-year decline. 

Cisco 2022 tech trend predicts ethical, responsible, explainable AI

By: Schalk Burger     26th January 2022 Information and communications network technology company Cisco says the growing use of artificial intelligence (AI) to process extreme quantities of data means AI needs to be transparent, so everyone using the system understands how the insights have been produced. Transparency must be present... 

Cisco Middle East and Africa CTO Osama Al-Zoubi
Cisco Middle East and Africa CTO Osama Al-Zoubi

Artificial intelligence M&A deals grew by 33.5% in the past 12 months – GlobalData

By: Schalk Burger     26th January 2022 Artificial intelligence (AI) sector deals have grown by 33.5% in the past 12 months, with the average deal valued at $159-million, says data and analytics company GlobalData. It adds that the number of AI deals is likely increasing as the technology becomes more advanced and more companies see... 

BME unpacks new-gen electronic detonator 

Updated 6 hours ago Mining explosives and blasting technology supplier BME is in the process of rolling out its new-generation electronic detonator system called AXXIS Titanium across the country and other key markets. Marleny Arnoldi visited the assembly site. 

BME unpacks new-gen electronic detonator

KOKO aims to replace charcoal in $47bn cooking fuel market

By: Bloomberg     26th January 2022 KOKO Networks, a startup targeting sub-Saharan Africa’s $47-billion cooking-fuel market, plans to expand its ethanol stove manufacturing capacity 10-fold and then grow globally. The company manufactures its stoves in India and sells them, as well as the fuel they use, in Kenya. KOKO plans to... 

MSI assists young people with business development skills

By: Yvonne Silaule     25th January 2022 The Mpumalanga Stainless Initiative (MSI) will from next week run an entrepreneurship programme to assist young people to effectively start businesses or scale up existing small businesses into high-growth ventures, through structured entrepreneurship training. MSI is a nonprofit technology... 

TIA gets new board to maximise technology innovation and commercialisation impact

By: Schalk Burger     25th January 2022 The public technology commercialisation agency the Technology Innovation Agency (TIA) has had a new board of directors appointed by Higher Education, Science and Innovation Minister Dr Blade Nzimande at a time when the agency is increasingly being called upon to find ways to maximise its impact... 

Steve Griessel appointed Paramount Group CEO

By: Schalk Burger     25th January 2022 Aerospace and technology company Paramount Group has appointed US subsidiary Paramount USA CEO Steve Griessel as its group CEO with immediate effect. This comes as the group further globalises its operations and expands its network of strategic partnerships with governments and major corporations... 

Paramount Group CEO Steve Griessel
Paramount Group CEO Steve Griessel

Iata reports world air passenger traffic last year improved in comparison to 2020

By: Rebecca Campbell     25th January 2022 The International Air Transport Association (Iata) – the representative body of the global airline industry – has reported that air passenger traffic for the whole of last year, while still significantly down on the figure for 2019 (the last full year before the onset of the Covid-19 pandemic)... 

Solidarity attributes PetroSA retrenchments to mismanagement, poor political will

By: Donna Slater     25th January 2022 Trade union Solidarity claims that mismanagement and a lack of political will at South African national oil company PetroSA are the main reasons for a second retrenchment process instituted within 12 months of a previous process at the company.

According to Solidarity, the State-owned enterprise... 

South African growth to slow to 2.1% in 2022 – Fitch Solutions 

By: Terence Creamer     25th January 2022 Fitch Solutions expects growth in South Africa to slow to only 2.1% in 2022, having expanded by an estimated 4.8% last year, as the base effects of 2021 fade and longstanding constraints come to the fore once again. Lacklustre economic activity in South Africa would also weigh on the performance... 

Fitch Solutions expects commodity prices to moderate in 2022
Fitch Solutions expects commodity prices to moderate in 2022

Sars' revenue collection down 7.8% in 2021

By: Schalk Burger     25th January 2022 The National Treasury and the South African Revenue Service (Sars) Tax Statistics 2021 edition shows that during the 2020/21 financial year, total tax revenue collections declined by 7.8% to R1.25-trillion from the R1.36-trillion collected in the preceding year. "Revenue collections in the... 

Air cargo records strong year with December performance

By: Tasneem Bulbulia     25th January 2022 The International Air Transport Association’s (Iata’s) data for global air freight markets shows that full-year demand for air cargo increased by 6.9% in 2021, compared with 2019 (pre-Covid-19 levels) and 18.7% compared with 2020 following a strong performance in December 2021. This was the... 

Agreement inked to develop hydrogen recycling of end-of-life wind turbine magnets

By: Donna Slater     25th January 2022 Magnet metal and rare earths miner Pensana has signed a cooperation agreement with oil, gas and wind power company Equinor, forming a working group to share technical and commercial information to develop a low-energy method for recycling end-of-life magnets at Pensana’s rare earths hub in the... 

Pick n Pay rolls out licence renewal service to more stores, at lower cost

By: Darren Parker     25th January 2022 Retailer Pick n Pay launched its new vehicle licence disc renewal service nationally on January 25. Customers can now renew their vehicle licence discs in more than 500 Pick n Pay stores across South Africa for R250 – which excludes the added courier fee of R99.99 for delivery to customers. 

A photo of a red car and a licence disc
Licence renewals can now be done at Pick n Pay

AMSA’s shares rise on expected earnings rebound

By: Tasneem Bulbulia     25th January 2022 Steel producer ArcelorMittal South Africa’s (AMSA’s) share price on the JSE rose by more than 18% on January 25 after the company reported that it expects to report a significant improvement in earnings for 2021. AMSA expects to report earnings a share of between R5.80 and R6.10 for the year... 

South Africa's RBCT exports lowest coal tonnage since 1996  

By: Martin Creamer     25th January 2022 The Richards Bay Coal Terminal (RBCT) last year exported its lowest volume of coal since 1996. In exporting 58.72-million tons of coal, RBCT was 11-milion tons down on what it achieved in 2020 and 18-million tons down on its 77-million-ton budget for the 2021 year. 

Richards Bay Coal Terminal media brief covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Motus reports rise in new-vehicle sales, flags ongoing supply chain constraints

By: Donna Slater     25th January 2022 Automotive group Motus expects to report a 20% to 26% year-on-year improvement in operating profit to between R2.1-billion and R2.2-billion for the six months ended December 31. This translates into a profit before tax increase of between 40% to 50% year-on-year, rising from R1.28-billion for... 

Repurposed EV battery cells to become vital cog in circular economy – Revov  

By: Irma Venter     25th January 2022 Electric vehicle (EV) batteries are designed to withstand high charge and discharge rates, as well as extreme operating conditions.  However, the current elephant in the room in the EV industry is what happens to the battery when it needs to be replaced, says Revov MD Lance Dickerson. 

Image of Revov 2nd LiFe installation
Photo by Elmorex
Revov installation at Shikwaru Lodge

Isuzu appoints Marcia Mayaba as dealer, business development executive

By: Irma Venter     25th January 2022 Marcia Mayaba has joined the Isuzu Motors South Africa (IMSAf) senior executive team as the newly appointed department executive for dealer and business development.  Mayaba has more than two decades’ experience in the automotive industry. She has been active in various fields, including truck... 

Image of Marcia Mayaba, Isuzu Motors South Africa department executive for dealer and business development
Marcia Mayaba

South African scientist helps discover world’s largest fish breeding colony

By: Darren Parker     25th January 2022 University of Pretoria Faculty of Natural and Agricultural Sciences lecturer in the Department of Zoology and Entomology Dr Mia Wege was part of an international collaborative research team that discovered one of the world’s largest fish breeding colonies in the southern Weddell Sea, Antarctica,... 

A photo of a breeding colony of notothenioid icefish
A breeding colony of notothenioid icefish

Index shows South Africa has reached a standstill in efforts to curb corruption

By: Tasneem Bulbulia     25th January 2022 The release of the Transparency International’s 2021 Corruption Perceptions Index (CPI) reveals that South Africa, along with many other countries in the world, has reached a virtual standstill in its efforts to curb corruption, as human rights abuses and the erosion of democracy flourish, says... 

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